DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships.

Get DailyForex analysis to your email

Subscribe

Get DailyForex analysis to your email

Enter your email

We commit to never sharing or selling your personal information

The Pound Sterling held above a 3-week trough against the US Dollar during London trade as FX traders await the latest proposals on a Brexit deal from the Prime Minister. With the deadline swiftly moving toward the October 31st leave date, there is still a tremendous amount of uncertainty as to how the departure will play out, or if it does at all. Analysts say that Boris Johnson's newest proposal should include his thoughts on how to approach the Irish border issue, which has been among the most contentiously deliberated.

In London at 11:09 am, the GBP/USD was trading at $1.2287, a loss of 0.022%; the pair has ranged from a trough of $1.22594 to a high of $1.23073. The EUR/GBP was higher at 0.8867 Pence, a gain of 0.237% and off the earlier peak of 0.88807 Pence.

EU PMI Surveys Fail to Impress

Mixed data from Markit surveys failed to lift the Euro against its US counterpart. Markit PMI Manufacturing surveys for September were released today and show improvement in Germany, the UK and the Eurozone as a whole; it should be noted that the reading for Germany, at 41.7 and though better than expected, is still below the 50.0 threshold which separates an expanding sector from a contracting one. The PMI surveys for Switzerland, France and Italy all missed analysts forecasts. The EUR/USD was trading lower at $1.0897, down 0.0193%.

Want to get in-depth lessons and instructional videos from Forex trading experts? Register for free at FX Academy, the first online interactive trading academy that offers courses on Technical Analysis, Trading Basics, Risk Management and more prepared exclusively by professional Forex traders.

After working on Wall Street, Barb began her second career as a freelance writer at Daily Forex, where the CEO recognized fresh, untapped potential and was willing to give her a try. She’s never looked back. Since then, she’s worked steadily as a freelance writer and editor in the financial services and Forex-related industry.

Did you have a good experience with this broker?
A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab.
Your email address will not be posted.

Please make sure your comments are appropriate and that they do not promote services or products, political parties,
campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language,
or personal attacks of any kind will be deleted. Comments including inappropriate will also be removed.

Please make sure your comments are appropriate and that they do not promote services or products, political parties,
campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language,
or personal attacks of any kind will be deleted. Comments including inappropriate will also be removed.

Most Visited Forex Broker Reviews

Stay Updated!

Also Available on

Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.